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Australia’s December Trade Surplus Expands but Falls Short of Expectations 
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South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
New Zealand bonds closed Monday’s session on a sharply higher note after the United States 10-year note yield slipped below the 3 percent psychological mark after weak consumer spending data muted a better-than-expected initial first-quarter read on economic growth.
At the time of closing, the yield on the benchmark 10-year note, which moves inversely to its price, slumped 5 basis points to 2.85 percent, the yield on the long-term 20-year note plunged 6-1/2 basis points to 3.41 percent and the yield on short-term 2-year closed 2-1/2 basis points lower at 1.89 percent.
On Friday, the initial reading on the first-quarter gross domestic product was 2.3 percent, a broad indicator of the health of the economy, ahead of consensus estimates of 2 percent, according to economists polled by Thomson Reuters.
Investors will now remain focused on the country’s GlobalDairyTrade (GDT) price index and employment report for the first quarter of this year, both scheduled to be released on May 1, for further direction in the debt market.
Meanwhile, the NZX 50 index closed 0.69 percent higher at 8,428.94, while at 05:00GMT, the FxWirePro's Hourly NZD Strength Index remained neutral at -50.09 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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